In this article, we are reviewing the 20 Best Books on How To Manage Money (That Actually Work).
20 Best Books on How To Manage Money
Managing your finances could be difficult, especially if you have more than one source of income. Making a budget that accounts for your expenses and helps you save sounds really easy, however, sticking to your budget usually become a tremendous task.
To budget properly, save and get out of debt, you will need a lot of discipline and budgeting knowledge. Luckily, there are several books on how to manage money that offers real-life knowledge on how to budget, save, invest, and stay off debt throughout your life.
In 192 pages, Erik Wecks shares a story of financial survival in the face of rough times. This book teaches readers how to make the most of their income regardless of the size.
If you’re looking for a book on how to manage money that will teach you how to live within your means and still make the most out of your life then this book would be perfect for you.
In this book, you will find practical tips and current everyday references that will help you get your finances in order. If you’re struggling to make ends and you need something that will help you reorganize your finances and help you manage your money, then you should go ahead and get this book.
Author: Erik Wecks
Current edition: 2 Edition (March 2012)
If you’re worried about running out of money in your older years, then How to Make Your Money Last by Jane Bryant Quinn is the right material for you.
This book promises to help you turn your retirement savings into a steady paycheck that will last for life. It covers every phase of retirement finance and exposes the right moves that will provide you with more funds during retirement and allow you to spend more.
Quinn takes a critical look at the decisions that could help you during your early years and improve your finances during retirement. Through this book, your savings and investment will take a new turn as you will learn how to invest for growth and build a fortune that you can spend during retirement.
Author: Jane Bryant Quinn
Current edition: Reprint Edition (January 2017)
3. How to Stop Living Paycheck to Paycheck (2nd Edition): A proven path to money mastery in only 15 minutes a week! (Simple Personal Finance Books) (Smart Money Blueprint)
Paying off debt, budgeting and saving money are three things that are extremely difficult for the average American. This is mostly true for those with huge debts and a source of income that barely pays the bills.
Avery Breyer, in this book, reveals strategies and techniques that can help you take control of your money, pay off your debt, and live the life you dream of without worries.
With this book, you will be able to stop living paycheck to paycheck even without getting a new job or an additional source of income.
This book is most suitable for beginners interested in getting their finances in order or those who have applied other measures and are unable to get things in order.
Author: Avery Breyer
Current edition: 2 Edition (September 2016)
4. How to Be Debt Free: A simple plan for paying off debt: car loans, student loan repayment, credit card debt, mortgages and more. Debt-free living is within … Books) (Smart Money Blueprint Book 3)
There is no way you can manage your money effectively if you’re paying off huge debts. Lots of Americans spend half or almost all their monthly income paying off debt and if you’re one of those people, you might find yourself borrowing again so as to make up for the daily expenses.
Avery Breyer offers you the secrets to successfully getting out of debt. In this book, you will find tips on where to find the money you need to pay off your debt quickly, how much money you should be putting towards paying off debt, and the truth about debt consolidation.
Whether you trying to pay off your student loans or you have multiple loans, you will learn straightforward strategies that will help you get free of debt. Also, you will get access to an exceptional tool – the Debt Destroyer – that will create a customized plan for you pay off debt and save.
Author: Avery Breyer
Current edition: 1 Edition (November 2016)
5. The No-Spend Challenge Guide: How to Stop Spending Money Impulsively, Pay off Debt Fast, & Make Your Finances Fit Your Dreams
The No-Spend Challenge Guide by Jen Smith is the story of a lady who was able to pay off a huge debt in a small period of time. Also, she was able to create an effective budget that helped her save and stay out of possible debts.
As the story goes, Smith was once unable to stick to a budget longer than two weeks but by applying several strategies, she was able to successfully pay off $75,000 of debt in less than two years.
This book talks about her strategies and experience. If you want to learn how to control your spending, pay off debt fast, and save money, then this book is for you.
Author: Jen Smith
Current edition: (November 2017)
The Total Money Makeover by Dave Ramsey was written for individuals who find themselves living paycheck to paycheck and unable to stick to their budget due to unexpected expenses and impulsive spending.
This book will help you design an effective plan that will help you pay off your debts successfully, whether you are managing one debt or multiple debts. It also offers you insight into the dangerous money myths that could be hurt your savings and investment.
Author: Dave Ramsey
Current edition:1 Edition (September 2013)
Who knew there were 101 ways of managing money? Well, Frankie Calkins shares the secrets that helped him become a successful money-saver and frugal money-spender. He also walks you through how he was able to get out of credit card debt and invest in for the long-term.
You get to learn how he did all these while travelling and enjoying the best life has to offer.
Through this book, you will learn how to set achievable goals, travel on the cheap, open a Roth IRA, invest, and save on expenses.
If you’re someone deep in debt with no possible way out, then this book would be best for you as Frankie was once in that position.
Author: Frankie Calkins
Current edition: (February 2019)
This book is best suitable for college and high school grads, however, anyone that needs information on how to manage money can get it and start reading.
Why Didn’t They Teach Me This in School? by Carl Siegel delivers eight important lessons focusing on 99 principles aimed at building any individual’s money management acumen. The book is written in a straightforward, easy to understand language that even youngsters can understand.
Managing your money, living debt-free, and saving towards retirement are all made easy through this book.
Author: Cary Siegel
Current edition: 2.4.2013 Edition (February 2013)
9. How to Manage Your Money: Top Guide: Stop Impulsive Spending, Pay off Debt Fast and Live a Rich Life
If money management has been really difficult for you and you’re looking for a book on how to manage money that provides all the answers you seek on the spending, budgeting, and saving, then you’re in luck.
How to Manage Your Money by May Collins sheds light on money management strategies and healthy money habits that will help you live an affordable, debt-free life. Through this book, you will learn how to save and manage money, how to pay off debt fast, how to budget your paycheck and household, and other money management principles.
Short, easy to understand and straight to the point, this helpful guide is probably your best shot when it comes to managing money.
Author: May Collins
Current edition: (August 2019)
Finding an actionable guide on making and managing money is quite difficult. Many books on how to manage money offer much promise but leave you hanging, in the end, you get to read the same story sold by many so-called financial experts who are probably trying to make a few dollars off you.
Well, Dave Ramsey is not a scammer or a wannabe financial expert and you can definitely trust his “Complete Guide To Money” to answer all your questions about money and teach you how to budget, save, pay off debt, and invest.
You’ll also learn about other parts of personal finance like insurance, marketing, mortgage options, bargain hunting, and giving
Author: Dave Ramsey
Current edition: 1 Edition (2012)
Do you believe that you can go from having $2.26 in your bank account to being worth over $1.25 million in just five years? Well, Grant Sabatier didn’t just believe it, he did it. In fact, his success got him the name, “the Millennial Millionaire”. Sabatier believes that time is limited, therefore you have to make money as fast as you can and work your way towards financial freedom.
His book on how to manage money offers tips that you can apply and start earning enough money that will take you well into retirement even if you plan to retire early.
Through his book, you will learn how to create profitable side hustles, save money, travel the world, and live happily
Author: Grant Sabatier
Current edition: (February 2019)
12. The 30-Day Money Cleanse: Take control of your finances, manage your spending, and de-stress your money for good
This book is one of the best realistic books on how to manage money. First, it acknowledges that you can’t solve all your personal financial troubles immediately since effective change takes time to cement.
Second, it is based on the personal experience of a person that had issues with money and was able to overcome them. If you want to learn how to stop stressing about your finances and break bad money habits, then you should get this book. You will also learn how to track your cash flow and plan yourself to success.
Author: Ashley Feinstein Gerstley
Current edition: (January 2019)
If you won’t take advice on money management from normal people, then maybe the advice of a former financial advisor is what you need for you to get your finance in order.
In this book, Rachel Richards teaches you how to double your income, consolidate your student loans, halve your expenses, and lower your interest rates.
You will also learn how to how to create actionable budgets, save properly, invest, and build long-term wealth.
This book is one of the few money management books that are easily applicable in today’s world.
Author: Rachel Richards
Current edition: (September 2017)
14. You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting out of Debt, and Living the Life You Want
Budgets are very tricky. You create one with true intentions and condition yourself to spend accordingly but still, you end up spending more and blowing up the budget. Why does this happen frequently? It could be that you lack discipline or that you’re not budgeting according to your expenses and income.
Whatever it is, this guide by Jesse Mecham will help you straighten things out and get you budgeting and saving realistically. Through this book, you will learn four simple rules that will transform your ability to manage money and help you pay off debt and stay off debt throughout your life.
If you’re still unable to wrap your head around who Jesse Mecham is, we’ll help you out. He is the brain behind the company called “You Need A Budget (Y-NAB). YNAB is a budgeting app that lets you budget, save and live the life of your dreams without falling into debt. You can also use this app to get out of debt faster.
Author: Jesse Mecham
Current edition: (December 2017)
Simple Money is the effort of a financial advisor trying to teach individuals that have given up on money management or those that keep failing at it, the actual steps and strategies that work when it comes to personal finance.
Tim Maurer has helped many people get over their financial problems as the director of personal finance for the BAM Alliance. Through his book, he details the right steps to take in money management and offers advice on topics like budgeting, reducing and eliminating debt, building a world-class investment portfolio and crafting a retirement plan.
Just by going through the pages of this book, you could be able to finally solve your money management problems and make your money work for you.
Author: Tim Maurer
Current edition: 1 Edition (February 2016)
Personal finance isn’t complicated and it doesn’t have to be. However, some of us find ourselves pulling our hairs and trying to wrap our minds around how we blew our budgets, raised our expenses, plunged deeper into debt, and saved literally nothing towards retirement.
If you’re one of those people, then you probably need the Index Card. The Index Card was born out of a professor’s attempt to solve the mystery around money management. Professor Harold Pollack believed that you could fit everything you need to know about managing your money into an index card and to prove it, he scribbled down a list of money management rules on an index card.
This book explains the ten simple rules of the index card and how these rules can outperform more complicated financial strategies. Through these rules, you should be able to seize control of your life and money and live a better, stress-free life.
This book is easy to read and understand. The tips in the book are also straightforward and can easily be applied by any individual.
Author: Helaine Olen and Harold Pollack
Current edition: Reprint Edition (March 2017)
What we learn while we are young usually shape whom we become in the future. While many people are able to relearn and become different from who they were while they grew, most people find themselves following the natural path.
This book offers you the right information that will help you make the right decisions while you are young so that as you grow older, you will be able to stick to the money management principles and keep your life in balance.
This way you wouldn’t have to consider getting aids from the government at any point in your retirement. In the book, you will learn how to decrease debt and stay out of it, how to avoid common money mistakes, and how to navigate the world of personal finance in today’s ever-changing landscape.
All this info will prep you up for financial success and help you build long-term wealth that will last you well into retirement.
Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner remains one of the most effective tools for young people that want to learn how to manage their money.
Author: Beth Kobliner
Current edition: Reissue Edition (March 2017)
J L Collins details his advice to his daughter on money and investing in this book. He talks about debt, the importance of having emergency money, the right money attitude, investing techniques that work, stock market basics, and several other wealth-building techniques.
He also covers other areas like asset allocation, spending, social security, and money management. This book is an all-in-one guide for individuals who want to budget, save, spend, invest, and stay off debt totally.
Author: J L Collins
Current edition: 1 Edition (June 2018)
Personal Finance For Dummies by Eric Tyson is one of the most recommended books on how to manage money for people who just started earning, or have zero luck when it comes to managing their finances.
This book covers areas like budgeting, saving, reducing debt, and how to invest for success. It also provides details on emerging investing interests like technology, pot stocks, and cryptocurrencies.
This guide is best suited for those trying to get their finances on track and looking for ways in which they can improve their investment strategies.
Author: Eric Tyson
Current edition: 9 Edition (November 2018)
Personal Finance Simplified by Tycho Press is another book aimed at helping individuals get the most out of their money. If you’re having issues with creating a budget you can stick to and problems like impulsive spending and deep debt crisis, then you should get this book.
Through the book, you can learn how to create actionable personal budgets, reduce your spending, get out of debt, buy a home, and get your life on the path to success.
This book offers realistic tips that are easy to apply even for beginners. It is written in a simple and clear language, so you won’t have to worry about finding the technical jargon you might have come across in other personal finance books.
Author: Tycho Press
Current edition: (February 2014)